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Old 10-28-2007, 12:32 AM
sevencard2003 sevencard2003 is offline
Senior Member
 
Join Date: Jan 2007
Location: kansas
Posts: 258
Default Re: How will part-time players survive a regulated poker site?

i have to report every month to SSI what i win at online poker usually from a negative amount to a win of less than $1000 per month, on average about $200-300 in winnings. and they dont deduct my losses, but thank God they go by what i win or lose in a given month (instead of by the day.) and they also accept my logs at face value btw. id hate it if they said i won $400 and took $400 outta my ssi check, if what happened was i really made $300 at the tables july 24th, and then lost back $125 july 25th lost $100 more back july 26th, lost $200 more july 27th, and then won $100 july 28th, for example.

see in the example above, i would actually be reporting an income of $0 (my $25 loss) and it certainly shouldnt be called $400 income which it aint. truth is i write on my calendar everyday my wins and losses from online poker, thats how i know i made approximately $5000 last year.

im sure u think im foolish to report this anyway because a lot of the time my "WINS" never actually turns into real money (i lose it back before i ever withdraw it from the atm.) and i always use paytru or epassporte and withdraw it that way instead of it touching my bank. my mother when i lived at her house, she disapproved of me gambling online, and when she hooked me up with ssi for my emotional problems, she is the one who told ssi about me gambling online all day every day, and made sure everything got reported. thats why when i won $1200 last Nov in that big tourney on stars, it got reported to ssi and my check was $0 for that month. (one nice thing is it dont decrease my SSI payment for more than that 1 month though.)it is rather complicated and i wouldnt mind hearing from other disabled people on ssi their experiences with ssi laws.
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